Billionaires are betting on BTC at $ 100,000.

According to available information, institutional players with assets of up to $ 1 billion are interested in increasing the value of Bitcoin to $ 100,000.

LedgerX, recently approved Bitcoin-based derivatives trading from the US Commodity Futures Trading Commission, is preparing to launch a call option.

It will bring a significant profit if by December 2020 the BTC will overcome the $ 100,000 mark.

According to LedgerX CEO Paul Chou, the company’s customers are attracting large amounts of money to buy bitcoins:

Dozens of companies approached us, saying that they are interested in trading in such a contract. I understand that $ 100,000 is a big number, but many of us remember the price of Bitcoin at $ 1, then it reached $ 10, $ 100 and $ 10,000. A $ 100,000 contract will not surprise us.

Everything speaks about the great interest of institutional investors to bitcoin.

Only this week, the digital asset management fund Grayscale Investments recorded a record amount of assets under management – $ 2.7 billion, which is almost three times its AUM from the previous quarter.

Institutional clients represent the highest percentage of total demand for Grayscale products, since July 2018 it is 84%.

The Bitcoin Trust Fund (GBTC) grew by almost 300% over the same period last year as of July 9th.

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1 thought on “Billionaires are betting on BTC at $ 100,000.

  1. Price of BTC went from $1 to $10K when it had no transaction ceiling. Transactions were cheap and fast and BTC could be used as what the Bitcoin whitepaper called “Peer to Peer electronic cash”. BTC is no longer a peer to peer cash system. It has daily backlogs with fees per transactions north of $5 being very common. This is no longer Bitcoin – and I will be surprised if BTC ever sustains above $20K prices because with transaction fees of $50 – who would use it? Learn more at https://reddit.com/r/btcxlab

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